Wrap Lands Major Pre-Order for 20+ Counter-Drone Systems, Boosting UK & European Expansion
WRAP sits 44% above its 52-week low of $1.2 on light trading volume (0.3× avg).
Summary
Wrap Technologies has secured a significant pre-order from Advanced Blast & Ballistic Systems Group (ABBS) for over 20 MERLIN-1 Counter-UAS drone systems, targeting the U.K. public safety market. This development is a crucial commercial milestone for Wrap's emerging drone portfolio and represents a meaningful step towards broader market entry across the U.K. and Europe. For a company of Wrap's size, this pre-order signals growing international demand for its non-lethal counter-drone capabilities, following recent drone-related commercial activity in other regions. This positive news provides a boost after the company reported mixed 2025 financial results and secured a private placement in February. Investors will be watching for further details on the value of this pre-order and the progress of MERLIN-1 towards go-to-market readiness, as well as the broader expansion of its drone strategy.
At the time of this announcement, WRAP was trading at $1.73 on NASDAQ in the Technology sector, with a market capitalization of approximately $83.3M. The 52-week trading range was $1.20 to $3.23. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.